Crypto Winter Has Been Here Since January 2025, But Recovery May Be Closer Than You Think


Retail crypto suffered most since January 2025, while ETFs and DATs masked true losses for Bitcoin, Ethereum, and XRP, according to Hougan.

Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, has stated that the cryptocurrency market has been in a full-blown “crypto winter” since January 2025.

The exec said that signs suggest the downturn may be closer to ending than beginning.

Positive News Isn’t Driving Prices

In a recent post titled “The Depths of Crypto Winter,” Hougan explained that, despite ongoing positive developments in adoption, regulation, and institutional involvement, the market is in a severe bear market.

Hougan noted that Bitcoin…

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